Washington, July 3 (IANS) President Donald Trump’s decision not to renew the US-Mexico-Canada Agreement (USMCA) without first addressing what his administration calls shortcomings in the pact has drawn strong backing from American farmers, ranchers, manufacturers, businesses and lawmakers from both major political parties.The White House said the President had chosen not to “rubber stamp” the agreement, arguing that the move was in the best interests of US manufacturers, farmers, ranchers, worke…
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Washington, July 1 (IANS) The Trump administration on Wednesday refused to renew the United States-Mexico-Canada Agreement (USMCA), opening negotiations to rewrite key parts of President Donald Trump’s signature North American trade pact while insisting it remains in force during the review process. The decision came after representatives of the United States, Mexico and Canada held the first mandatory six-year joint review of the agreement, which entered into force in 2020. While Washington dec…
Washington, July 1 (IANS) The Trump administration will press Mexico for stricter rules of origin, stronger labour and environmental standards, tighter intellectual property protections and greater American manufacturing content as it seeks to rewrite the United States-Mexico-Canada Agreement (USMCA), a senior administration official said on Wednesday. The comments came soon after the United States declined to renew the USMCA in its current form during the agreement’s first mandatory six-year jo…
Washington, July 1 (IANS) President Donald Trump’s sweeping tariff policies have already overtaken key parts of the United States-Mexico-Canada Agreement (USMCA), fundamentally reshaping North American trade even before negotiations to rewrite the pact are completed, a senior administration official said on Wednesday. The remarks came after the United States declined to renew the USMCA in its current form during the agreement’s first mandatory six-year review, while keeping the trade pact in for…
Mexico City, June 24 (IANS) The Mexican government will formally propose extending the United States-Mexico-Canada Agreement, or USMCA, for another 16 years during a virtual trilateral meeting scheduled for July 1, Mexican Economy Minister Marcelo Ebrard has said. Ebrard on Tuesday (local time) said July 1 marks the start of the trade agreement’s review process, not the end of it.He acknowledged that the negotiations are highly complex, citing as an example a discussion on steel-derived products…
Washington, June 11 (IANS) President Donald Trump has cast a fresh doubt on the future of the United States-Mexico-Canada Agreement (USMCA), saying he is not certain he will renew the North American trade pact when it comes up for review during his current term. Speaking at the White House after signing the Secure America Act on Wednesday (local time), Trump said the agreement’s most important feature was not the trade provisions themselves but the fact that it allows the United States to revisi…
Washington, June 3 (IANS) The United States Trade Representative (USTR), under Section 301 of the Trade Act of 1974, has proposed to impose an additional up to 12.5 per cent tariff on India and 59 other economies over allegations of using forced labour to produce imported goods.In a statement, USTR claimed that 60 economies have failed to enforce rules against imported goods made via forced labour.”Under Section 301 of the Trade Act of 1974 that the acts, policies, and practices of 60 economies …
Mexico City, June 2 (IANS) Mexico will focus on persuading the United States to eliminate existing tariffs during the review process of North America’s trilateral free trade agreement, Mexican Economy Secretary Marcelo Ebrard said.The economy secretary said at an event that the US delegation put forward several proposals following the first round of formal negotiations last week on the review of the United States-Mexico-Canada Agreement (USMCA), Xinhua news agency reported.”There are a wide rang…
Washington, May 7 (IANS) More than 50 Republican lawmakers have urged the Trump administration to block Chinese automotive and battery companies from manufacturing in the United States, arguing that such a move would threaten American jobs, supply chains and national security.In a letter led by Representatives Mike Kelly and Gus Bilirakis, the lawmakers asked Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and US Trade Representative Jamieson Greer to reject any effort by Chi…
Washington, April 8 (IANS) The United States has described its trade relationship with China as “stable” while warning that the global trading system risks becoming “less relevant” if reforms are not undertaken, US Trade Representative Jamieson Greer said.Speaking at the Hudson Institute on Tuesday (local time), Greer said Washington is maintaining a cautious balance with Beijing, avoiding escalation while protecting economic and national security interests.“Right now, the United State…